Short Interest in Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) Rises By 91.1%

Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 43,000 shares, a growth of 91.1% from the May 15th total of 22,500 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average trading volume of 76,600 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Simplex Trading LLC acquired a new stake in Direxion Daily FTSE Europe Bull 3x Shares in the first quarter worth about $32,000. PMV Capital Advisers LLC acquired a new position in shares of Direxion Daily FTSE Europe Bull 3x Shares during the first quarter valued at approximately $37,000. Jane Street Group LLC bought a new stake in Direxion Daily FTSE Europe Bull 3x Shares during the fourth quarter worth approximately $440,000. Finally, Virtu Financial LLC boosted its stake in Direxion Daily FTSE Europe Bull 3x Shares by 128.7% during the 4th quarter. Virtu Financial LLC now owns 34,579 shares of the company’s stock valued at $705,000 after purchasing an additional 19,459 shares in the last quarter.

Direxion Daily FTSE Europe Bull 3x Shares Stock Up 1.9%

EURL stock traded up $0.62 during mid-day trading on Monday, reaching $33.78. The company had a trading volume of 14,540 shares, compared to its average volume of 40,635. Direxion Daily FTSE Europe Bull 3x Shares has a one year low of $18.10 and a one year high of $35.13. The stock has a market capitalization of $52.36 million, a P/E ratio of 18.49 and a beta of 2.84. The stock’s 50-day simple moving average is $29.44 and its two-hundred day simple moving average is $26.24.

About Direxion Daily FTSE Europe Bull 3x Shares

The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.